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Daily stock market update April 9, 2021 - Market flex its muscle

April 11, 2021
MCBOSS CAPITAL
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market update

How is stock market today?

Market flex its muscle as indices continue to make new highs.

This week most of the indices did well except for the small cap.

Index	Apr. 5-9
Nasdaq	3.12%
S&P 500	2.71%
Dow Jones	1.95%
Russell 2000	-0.46%

What is the current support level?

Nasdaq rise to new recent high.

S&P 500 made a new closing high.

Dow Jones is also making a new closing high.

Russell 2000 has fallen back to near its 10, 21 and 50 days moving average. Watch for support at this level as it is critical.

NASDAQ - above its 50 days moving average line near 13425; current at 13900
S&P 500 - above its 50 days moving average line near 3880; current at 4128
DJIA - above its 50 days moving average line near 31600; current at 33800
RUSSELL 2000 - above its 50 days moving average line near 2220; current at 2243

Psychological levels

Nasdaq is above 13000.
S&P 500 is above 4100.
Dow Jones Industrial Average is above 33000.
Small cap Russell 2000 is above 2200.

Which industry groups show strength?

There are few industry groups showing accumulation.

Sector	Industry	Sub-group	#	Stocks
Technology	Technology	EDP Services (Tech Services)	3	CTG, HCKT, PRFT
Technology	Technology	Semiconductors (Equip)	2	KLIC, LRCX

Retail	Consumer Services	Other Specialty Stores (Leisure)	2	ASO, BBW

Which industry groups from recent strength show weakness today?

Relative strength drops by 5%
Technology	Technology	Computer Software: Prepackaged Software (Security)	2	OKTA, VRNT

Relative strength drops by 2%
Technology	Technology	Computer Software: Programming, Data Processing (Content)	3	FB, GOOG, GOOGL

Relative strength drops by 1%
Health	Health Care	Medical/Dental Instruments	5	ANGO, MDT, MDXG, TFX, TRIB

Disclaimer: MCBOSS CAPITAL provides financial education and information research. None of this information should be used for investment purpose. Please seek professional advice. Information provided may not always be accurate.